Red 5 Limited (AU:RED) has released an update.
Red 5 Limited’s King of the Hills (KOTH) Gold Mine has reported promising drilling outcomes, signaling the potential extension of the mine’s life, particularly in the Regal and West Bulk areas. Recent high-grade drilling results not only reinforce the FY25 underground mine plan but also indicate new zones of mineralization, with follow-up drilling planned for a newly discovered fault structure. The company is optimistic about the significant un-drilled areas at KOTH, which offer opportunities for resource and reserve expansion.
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